IBM Share Price Falls 25%: How Will It Impact Indian I.T. Stocks?

By NDTV Profit

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Indian IT stocks are likely to remain under pressure when markets open on Tuesday after a sharp selloff in US-listed technology companies, triggered by IBM's weaker-than-expected outlook and concerns over slowing enterprise software spending. The caution comes as Infosys and Wipro ADRs tumbled in US trading following IBM's earnings warning, raising concerns about sentiment towards the broader Indian IT sector. Infosys ADR initially slumped 7.91% to $11.50 before trimming losses to around 4.8% later in the session. Wipro ADR fell 4.21% to $1.90 and continued to trade nearly 4% lower after the market opened. The weakness extended beyond Indian IT names. IBM shares plunged as much as 25% after the company forecast second-quarter revenue of $17.2 billion and adjusted earnings per share of $2.93, both below Wall Street expectations. #ibm #infosys #wipro #tcs #hcltech #itsector #stockmarket For more videos subscribe to our channel: https://www.youtube.com/@NDTVProfitIndia Visit NDTV Prof

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